Nickel is down and the media is saying it's caused by the...

Nickel is down and the media is saying it's caused by the lowering of demand from China. That's an interesting narrative

Nickel is supposedly over-supplied because of Indonesia producing loads and loads of it right? Sure, but it's all being bought by China. They stock it in China. It's for China. Meanwhile the LME warehouse stocks keep going down and down; at their lowest level since 2009! I find it fascinating that while there are wars on, and we are in an 'EV revolution', the price and supply of oil and gas, and materials like Nickel continue to drop. It defies economics. Maybe it's Bidenomics? Just sayin'

Here is a news report about the lowering of Nickel supply in LME warehouses despite so-called over-supply;
https://www.reuters.com/article/idUSL8N37Z3IR/